Prepare an owners equity statement for july !

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Prepare an owners equity statement for july !

Mike Greenberg opened Bridgeport Window Washing Co. on July 1, 2020. During July, the following transactions were com
Owner invested $9,600 cash in the company.
Purchased used truck for $6,400, paying $1,600 cash and the balance on account.
Purchased cleaning supplies for $720 on account.
Paid $1,440 cash on a 1-year insurance policy effective July 1.
Billed customers $2,960 for cleaning services performed.
Paid $800 cash on amount owed on truck and $400 on amount owed on cleaning supplies.
Paid $1,600 cash for employee salaries.
Collected $1,280 cash from customers billed on July 12.
Billed customers $2,000 for cleaning services performed.
Paid $230 for maintenance of the truck during month.
Owner withdrew $480 cash from the company.
July 1
1
(21
3
5
12
18
20
21
25
31
31
Transcribed Image Text:Mike Greenberg opened Bridgeport Window Washing Co. on July 1, 2020. During July, the following transactions were com Owner invested $9,600 cash in the company. Purchased used truck for $6,400, paying $1,600 cash and the balance on account. Purchased cleaning supplies for $720 on account. Paid $1,440 cash on a 1-year insurance policy effective July 1. Billed customers $2,960 for cleaning services performed. Paid $800 cash on amount owed on truck and $400 on amount owed on cleaning supplies. Paid $1,600 cash for employee salaries. Collected $1,280 cash from customers billed on July 12. Billed customers $2,000 for cleaning services performed. Paid $230 for maintenance of the truck during month. Owner withdrew $480 cash from the company. July 1 1 (21 3 5 12 18 20 21 25 31 31
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